Federal Reserve Bank of New York Governor John Williams said on Tuesday that the Federal Reserve will have time to weigh various data before deciding when to raise interest rates again. In his speech, he mentioned that there will probably be another rate hike before the end of the year. “After the September meeting completed policy adjustments, we don't need to rush to act.” Williams said that continuing to observe the new data before finalizing the next policy will help to more clearly judge the state of economic performance. “If the economic trend is generally in line with my expectations, it may be appropriate to raise the federal funds rate target range again later this year to push inflation back to the target level more quickly.” Williams also added, “This is just my personal prediction. The final conclusion depends on the follow-up time and overall data performance.” The interest rate futures market believes that there is a high probability that the Federal Reserve will raise interest rates at the October meeting, and Williams's statement seems to be cooling down this market's expectations. In his speech, Williams said that economic growth is strong, the job market remains resilient, and price pressure has now become the core focus of monetary policy. “We must keep inflation falling back to the 2% target.” Williams said, “To achieve this, it is necessary to ensure that unfavorable inflationary disturbances do not solidify and that any secondary effects of inflation remain low.” The Federal Reserve continues to raise interest rates to cope with inflationary pressure that has been above the 2% target for five consecutive years. In his speech, Williams mentioned that investment in artificial intelligence also boosts prices; at the same time, he said that as long as the president does not introduce new import taxes, the inflationary pressure caused by tariffs has basically subsided. Williams expects inflation to be around 3.5% at the end of this year, price pressure will ease somewhat next year, and the inflation target will be achieved by 2028. The official also said that the economic growth rate is expected to be 2.25% this year. Immigrant factors, an aging workforce combined with low productivity levels, limit the potential upside of the economy. Williams also predicted an unemployment rate of 4% next year.

Federal Reserve Bank of New York Governor John Williams said on Tuesday that the Federal Reserve will have time to weigh various data before deciding when to raise interest rates again. In his speech, he mentioned that there will probably be another rate hike before the end of the year. “After the September meeting completed policy adjustments, we don't need to rush to act.” Williams said that continuing to observe the new data before finalizing the next policy will help to more clearly judge the state of economic performance. “If the economic trend is generally in line with my expectations, it may be appropriate to raise the federal funds rate target range again later this year to push inflation back to the target level more quickly.” Williams also added, “This is just my personal prediction. The final conclusion depends on the follow-up time and overall data performance.” The interest rate futures market believes that there is a high probability that the Federal Reserve will raise interest rates at the October meeting, and Williams's statement seems to be cooling down this market's expectations. In his speech, Williams said that economic growth is strong, the job market remains resilient, and price pressure has now become the core focus of monetary policy. “We must keep inflation falling back to the 2% target.” Williams said, “To achieve this, it is necessary to ensure that unfavorable inflationary disturbances do not solidify and that any secondary effects of inflation remain low.” The Federal Reserve continues to raise interest rates to cope with inflationary pressure that has been above the 2% target for five consecutive years. In his speech, Williams mentioned that investment in artificial intelligence also boosts prices; at the same time, he said that as long as the president does not introduce new import taxes, the inflationary pressure caused by tariffs has basically subsided. Williams expects inflation to be around 3.5% at the end of this year, price pressure will ease somewhat next year, and the inflation target will be achieved by 2028. The official also said that the economic growth rate is expected to be 2.25% this year. Immigrant factors, an aging workforce combined with low productivity levels, limit the potential upside of the economy. Williams also predicted an unemployment rate of 4% next year.